Our team of professional experts have a solid understanding of the formation and running of 2006 Act Companies
Company Law is an integral part of all commercial and corporate structures.
MannBenham has the expertise and insight to ensure your 2006 Act Company is built with a solid foundation that provides you room to grow and expand.
Company law can have an impact in various other legal matters including banking and finance, bankruptcy and financial services regulation. It can also include issues with contracts and overlaps with fiduciaries.
2006 Act Company | The benefits
The 2006 Company Act changed the way companies can be formed in the Isle of Man in comparison to the older 1931 Act Company. For example, the act has streamlined the day to day operating of companies. As a result a 2006 Act Company has become a very popular choice for new start-up companies on the Island.
The 2006 Act sought to introduce flexibility to company formation, consequently allowing shareholders and directors to operate with more freedom.
Through the 2006 Act you can create a company that has only one director, making it simpler to operate and oversee. You can also form a company with only a single member. As a result when it comes to holding meetings, the 2006 Act enables voting to take place through conference calls or other electronic methods. The 2006 Act is a practical and convenient act through which to form an Isle of Man company.
2006 Act Company | What we do
MannBenham is experienced in all of these areas and is able to provide broad services and detailed advice. We are on hand to assist at any point in your company’s life.